title: The global financial crisis and Australian general practice.
abstract: OBJECTIVE
  To explore the potential effects of the global financial crisis (GFC) on the market for general practitioner (GP) services in Australia.
  
  
  METHODS
  We estimate the impact of changes in unemployment rates on demand for GP services and the impact of lost asset values on GP retirement plans and work patterns. Combining these supply and demand effects, we estimate the potential effect of the GFC on the market for GP services under various scenarios.
  
  
  RESULTS
  If deferral of retirement increases GP availability by 2%, and historic trends to reduce GP working hours are halved, at the current level of ~5.2% unemployment average fees would decline by $0.23 per GP consultation and volumes of GP services would rise by 2.53% with almost no change in average GP gross earnings over what would otherwise have occurred. With 8.5% unemployment, as initially predicted by Treasury, GP fees would increase by $0.91 and GP income by nearly 3%.
  
  
  CONCLUSIONS
  The GFC is likely to increase activity in the GP market and potentially to reduce fee levels relative to the pre-GFC trends. Net effects on average GP incomes are likely to be small at current unemployment levels.
authors.affiliation: Australian Primary Health Care Research Institute, The Australian National University, Building 62, Level 1, Ian Potter House, Corner of Marcus Clarke and Gordon Streets, Australian National University, Acton, ACT 0200, Australia. ian.s.mcrae@anu.edu.au
authors.forename: Ian S
authors.initials: IS
authors.lastname: McRae
authors.forename: Francesco
authors.initials: F
authors.lastname: Paolucci
mesh_terms: D000465:Algorithms; D001315:Australia; D057172:Economic Recession; D058006:General Practice; D058005:General Practitioners / Q000600:supply & distribution*; D006301:Health Services Needs and Demand; D006801:Humans; D014478:Unemployment